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S. Korea Shortens List of Foreign Arrivals Subject to 2-week Mandatory Isolation

S. Korea Shortens List of Foreign Arrivals Subject to 2-week Mandatory Isolation

SEOUL, Sept. 17 (Korea Bizwire) — South Korea’s health authorities said Friday they have decided to allow fully-vaccinated arrivals from more countries to skip a mandatory 14-day quarantine starting October. Beginning next month, the mandatory quarantine policy will be applied on arrivals from 20 nations, down from the current list of 36 countries, according to [...]

S. Korea to Up Self-sufficiency of Grains, Cut Carbon Emissions at Farms

S. Korea to Up Self-sufficiency of Grains, Cut Carbon Emissions at Farms

SEOUL, Sept. 16 (Korea Bizwire) — South Korea unveiled its new blueprint for the agricultural industry, which centers on expanding its self-sufficiency of major grains while cutting emissions of carbon from local farms. “The disruption to global shipping amid the COVID-19 pandemic has shed light on the importance of food security,” the Ministry of Agriculture, [...]

Seoul Mayor Vows to Combat Inequality, Regulations Under ‘Seoul Vision 2030′

Seoul Mayor Vows to Combat Inequality, Regulations Under ‘Seoul Vision 2030′

SEOUL, Sept. 15 (Korea Bizwire) – Seoul Mayor Oh Se-hoon unveiled a master plan for the capital in the coming decade Wednesday, promising to tackle growing inequality and push regulatory reforms. The Seoul city government will work to close gaps in housing, education, jobs and social welfare, enhance the city’s global competitiveness and create a [...]

New Law Takes Effect Curbing App Store Payment Dominance of Apple, Google

New Law Takes Effect Curbing App Store Payment Dominance of Apple, Google

SEOUL, Sept. 14 (Korea Bizwire) — A South Korean law aimed at curbing the influence that Apple Inc. and Google have over payment systems in their app stores went into effect Tuesday, the country’s telecommunications regulator said, marking a victory for many local developers. The new law, the first of its kind globally, bars app [...]

Trading of Blue Chip Stocks in Decimal Points Possible Next Year

Trading of Blue Chip Stocks in Decimal Points Possible Next Year

SEOUL, Sept. 14 (Korea Bizwire) — Starting from next year, retail investors will be able to buy blue-chip stocks costing tens of thousands of won per share in decimal points not only from foreign stock exchanges but also at domestic ones. The Financial Services Commission (FSC), the nation’s top financial regulator, announced that it had [...]

S. Korea Designates More Hydrogen-focused Businesses

S. Korea Designates More Hydrogen-focused Businesses

SEOUL, Sept. 13 (Korea Bizwire) — South Korea’s industry ministry on Monday designated eight additional hydrogen-focused businesses eligible to receive state financial support, in line with the country’s goal to slowly phase out conventional resources and go carbon neutral by 2050. The country launched a new law on promoting the hydrogen economy in February, under [...]

S. Korea to Offer Rebates for Food Delivery, Promote Social Distancing

S. Korea to Offer Rebates for Food Delivery, Promote Social Distancing

SEOUL, Sept. 10 (Korea Bizwire) — South Korea’s agriculture ministry said Friday it has set aside 20 billion won (US$17 million) to offer rebates to users of food delivery apps to promote social distancing and support local restaurants. Under the program set to start Wednesday, the government will provide a 10,000 won refund to those [...]

Military to Abolish ‘Deserters Pursuit’ Position Next Year

Military to Abolish ‘Deserters Pursuit’ Position Next Year

SEOUL, Sept. 9 (Korea Bizwire) — Rank-and-file soldiers will not be assigned the job of tracking down those who go AWOL starting next year, officials said Thursday, amid fresh attention on the position after a popular Netflix series, titled “D.P.” The Criminal Investigation Command under the defense ministry and service branches of the military decided [...]

S. Korea to Spend 95 bln Won on Research of Carbon-reduction Technologies

S. Korea to Spend 95 bln Won on Research of Carbon-reduction Technologies

SEOUL, Sept. 9 (Korea Bizwire) — South Korea’s industry ministry said Thursday it plans to spend 95 billion won (US$81.5 million) to develop new solutions to cut the emission of carbon at local factories, in line with the country’s vision to go carbon neutral by 2050. The budget will be allocated to research projects for [...]